Global Handheld Marijuana Vaporizers Market, By Product Type (Convection Vaporizers, Conduction Vaporizers), Charger Type (USB, Micro USB), Temperature Control (Fixed, Variable), Distribution Channel (Online, Offline), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa), Industry Trends and Forecast to 2029.
The handheld marijuana vaporizers market is expected to gain market growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyses the market to reach at an estimated value of USD 15.77 billion by 2029 and grow at a CAGR of 6.0% in the above-mentioned forecast period.
Handheld marijuana vaporizers is basically a tool developed to heat concentrates and cannabis. Handheld vaporizers are a safer and wise way of smoking marijuana as they heat up cannabis till pure CBN and THC are emitted without burning the weed. They include the mouthpiece and the battery - the oven.
The factors such as rising usage of marijuana vaporizers for medical and other legalized purposes across the world are the major factors fostering the growth of the market. Additionally, increasing usage of electronic smoking devices and legalization of marijuana is various countries also further carve the way for the growth of market. Moreover, rising awareness about the health benefits of handheld vaporizers as compared to smoking and the usage of small dosages of cannabis to treat various mental disorders will also foster the market growth. However, high levels of fragmentation of market players along with the presence of a significant volume of small-scale unorganized local players are expected to hamper the growth of the market.
The increasing ratio of personal disposable income and tapping up with the latest trends is estimated to generate growth opportunities in the long run. The factors such as strict rules and norms are there associated with the usage of marijuana pose as a challenge for the market.
This handheld marijuana vaporizers market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on handheld marijuana vaporizers market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Handheld Marijuana Vaporizers Market Scope and Market Size
The handheld marijuana vaporizers market is segmented on the basis of product type, charge type, temperature control and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of product type, the handheld marijuana vaporizers market is segmented into convection vaporizers and conduction vaporizers.
- On the basis of charge type, the handheld marijuana vaporizers market is segmented into USB and micro USB.
- On the basis of temperature control, the market is segmented into fixed and variable.
- On the basis of distribution channel, the market is segmented into segmented into online and offline.
Handheld Marijuana Vaporizers Market Country Level Analysis
The handheld marijuana vaporizers market is segmented on the basis of product type, charge type, temperature control and distribution channel.
The countries covered in the handheld marijuana vaporizers market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the handheld marijuana vaporizers market owing to the rising demand for the legalization of recreational marijuana. Asia-Pacific region is expected to score the highest CAGR owing to the growing awareness about the benefits of using cannabis for medical purposes, within this region.
The country section of the handheld marijuana vaporizers market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Handheld Marijuana Vaporizers Market Share Analysis
The handheld marijuana vaporizers market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to handheld marijuana vaporizers market.
Some of the major players operating in the handheld marijuana vaporizers market report are PAX Labs, Inc., Ghost Herbal Concepts Ltd., Vapium, STORZ & BICKEL GmbH, Apollo AirVape, Grenco Science, Inc.,Vape Elevate, MyNextVape, Boundless CF/CFX, Planet of the Vapes, Crafty, FireFly, STORZ & BICKEL, FireFly, Anlerr, Ghost Herbal Concepts Ltd., PAX Labs, Inc., Healthy Rips by Green Curative, Inc., XVapeCanada.ca., Dr. Dabber, Grenco Science, Inc., Cloudious9 Inc., Linx Vapor among others.